Three classes of Morgan Stanley Dean Witter Capital I Trust commercial mortgage pass-through certificates, series 2001-TOP3, have been downgraded by Moody's Investors Service.The downgrades were as follows: class J, from Ba3 to B1; class L, from B2 to B3; and class M, from B3 to Caa1. Moody's also affirmed the ratings on 12 other classes in the deal. The downgrades were attributed to poorer performance by two shadow-rated loans and to loan-to-value ratio dispersion. The pool consists of three shadow-rated loans, representing 13.3% of the pool, and a conduit component. Based on Moody's analysis, 12.6% of the conduit pool has an LTV greater than 100%, compared with 1.7% at securitization.
-
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
35m ago -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
51m ago -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
1h ago -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
1h ago -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
3h ago -
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
11h ago